Australia's Transfield Rejects Bid From Ferrovial

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

SYDNEY--Transfield Services Ltd. (TSE.AU), an Australian provider of project-management-and-maintenance services, said Monday it had received a 1 billion Australian dollar (US$785 million) takeover bid from Spain's Ferrovial SA (FER.MC). Transfield rejected the offer as too low, but granted Ferrovial the ...

CLP Holdings Jan-Sep Hong Kong Electricity Sales Up 4.3%

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Chester Yung HONG KONG--CLP Holdings Ltd. (0002.HK), the larger of Hong Kong's two power suppliers by revenue, said Monday its electricity sales in the city rose 4.3% from a year earlier to 25,590 gigawatt hours in the January-September period. ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall As IBM Slides

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures fell into the red on Monday, as Dow industrials heavyweight IBM dropped sharply in premarket trading on downbeat results. European stocks fell after major software maker SAP cut its earnings ...

New Libor Administration Plan Detailed

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Max Colchester Ice Benchmark Administration Ltd. Monday proposed a package of new measures to make the London interbank offered rate more accurate and less susceptible to manipulation. Libor, a benchmark which shows interbank borrowing rates and serves as the ...

BOE Partially Suspends Payments System

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

The Bank of England said Monday it has partially suspended the use of a key payments system following a technical problem. The bank's Real-Time Gross Settlement system, which settles all the main sterling interbank payments systems including electronic funds transfer ...

Crude Falls on OPEC Production Concerns

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Christian Berthelsen U.S. and global crude benchmarks ended lower Monday amid choppy trading and concerns that member nations of the Organization of the Petroleum Exporting Countries will maintain high production levels in a bid to compete for market share ...

Italian Economic Minister Padoan Urges Patience on Reform Measures

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Giada Zampano And Deborah Ball ROME--Italy's Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could ...

New Libor Administration Plan Detailed

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Ice Benchmark Administration Ltd. Monday proposed a package of new measures to make the London interbank offered rate more accurate and less susceptible to manipulation. Libor, a benchmark which shows interbank borrowing rates and serves as the basis for interest ...

BOJ Says Moderate Recovery Trend Intact

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Takashi Nakamichi TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Monday that a modest recovery trend in the economy is intact, offering few hints of any imminent policy changes. "Japan's economy has continued to recover moderately as a trend, although ...

BOJ Cuts View of 1 of 9 Regions

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

TOKYO--The Bank of Japan cut its view of one of the nation's nine regional economies in a report released Monday, the first downgrade to any region since Gov. Haruhiko Kuroda took office in the spring of 2013. In its once-a-quarter ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were ...

Eurozone Current Account Surplus Narrows in August

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--The eurozone's current account surplus narrowed in August from an upwardly revised surplus in July, as the services' surplus shrank on the month, data from the European Central Bank showed on Monday. The current account balance, a ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall As IBM Slides

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures fell into the red on Monday, as Dow industrials heavyweight IBM fell sharply in premarket trading on downbeat results. European stocks fell after major software maker SAP cut its earnings ...

ECB Calls on Shadow Banking Regulation

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Europe should consider following the U.S. in regulating some activities that take place in the so-called "shadow banking" system, European Central Bank Vice President Vitor Constancio said Monday. Speaking during a conference on the future of banking at Chatham House, ...

Areva CEO Takes Leave of Absence

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

PARIS--The chief executive officer of French engineering company Areva SA said Monday that he was ill and could no longer assume his duty at the helm of the state-owned firm. Luc Oursel said he would remain available to help manage ...

EU Steps-Up Sanctions Against Assad's Regime

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

LUXEMBOURG--The European Union stepped up its sanctions against Syrian President Bashar al-Assad's regime on Monday as the bloc's foreign ministers discussed the latest in the international campaign to defeat Islamic State, the Sunni extremist group that is also fighting Syrian ...

Dollar Weakens on Sluggish U.S. Inflation Expectations

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By James Ramage The dollar sank against the yen, euro and British pound Monday as investors took profits on short positions against major currencies ahead of a U.S. inflation report this week that is predicted to push back expectations for ...

Yen Weakens As Nikkei Jumps Amid Diminished Risk Aversion

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Hiroyuki Kachi The yen was weaker than its major rivals in Asia trade Monday, with the stock market's sharp recovery and diminished risk aversion making the Japanese currency vulnerable to selling. As of 0450 GMT, the dollar climbed to ...